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Ruminations on the Distortion of Oil Prices and Crony Capitalism: Selected Writings

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Book Details
Language
English
Publishers
Raymond J. Learsy (30 April 2024)
Weight
0.55 KG
Publication Date
30/04/2024
ISBN-10
1962587363
Pages
380 pages
ISBN-13
9781962587365
Dimensions
15.24 x 2.16 x 22.86 cm
SKU
9781962587365
Author Name
Raymond J. Learsy (Author)
Raymond J. Learsy, a graduate of Wharton School of Business, launched into the fast-paced, risk-filled world of commodities trading beginning five decades ago. In 1963, he started his own firm and over the course of 20 years expanded from the United States into Canada, the United Kingdom, Europe and Asia, trading in bulk raw materials and commodities. During the Reagan administration he served as a Presidential appointee to the National Council of the National Endowment for the Arts. Learsy's analysis of the international oil trade, OPEC, and its impact on the American and world economies has been featured in the National Review Online, the New York Times, the Pipeline and Gas Journal, CNBC and NPR, and as a regular contributor to The Huffington Post. His two previous books on oil received favorable reviews, Over A Barrel (2005) and Oil and Finance: The Epic Corruption 2006-2010 (2011).Read more about this authorRead less about this author
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At great cost and risk to the American and world economies, consumers are ripped off billions of dollars every day by oil interests and their malevolent influence on market pricing mechanisms. It's essential Americans and oil consumers throughout the world understand where the money they pay for oil's downstream products goes-including the money paid at the pump, the money paid to heat their homes, and the money paid for the array of other petroleum-based products.

In Ruminations on the Distortion of Oil Prices and Crony Capitalism, author Raymond J. Learsy not only discusses the distortion of oil pricing, but also focuses on effects of the crony capitalism that has enriched a select few and left Main Street in the lurch as a result of government mismanagement, moneyed influence, and craven oversight.

This collection of previously published writings shows how speculators ratchet up the prices of basic material goods essential to daily lives. Learsy describes how ceding the determination of those prices not to the laws of supply and demand but predominantly to gambling dens on the trading floors of commodity exchanges as well as the price fixing collusion of producer nations (OPEC) is crippling to the world's economy.

Focusing as well on Wall Street's corrupting influence on the price of oil, gasoline, and other commodities, Ruminations on the Distortion of Oil Prices and Crony Capitalism provides an overview of the basic and important theme: the United States' enslavement to oil and the moneyed interests inextricably tied to it. .

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